Replication files for "Equation Balance in Time Series Analysis: Lessons Learned and Lessons Needed"

Date: December 12th 2021

Program: R 4.1.0 run on HP Z4 G4 Workstation (Intel(R) Xeon(R) W-2133 CPU @ 3.60GHz)  

I. Files and description:
   ARDL--SRE0.R
	R script to create estimate of long-run effect, Type 1 error for the estimated long-run effect, and Type 1 error for the estimated short-run effect when the true short-run effect is 0 and the empirical model is ARDL (Alpha1_SRE=0, ARDL_LRE_Type1_SRE=0, ARDL_Beta1_Type1)	

   ARDL--SRE1.R
	R script to create estimate of long-run effect, Type 1 error for the estimated long-run effect, and Type 2 error for the estimated short-run effect when the true short-run effect is 1 and the empirical model is ARDL (Alpha1_SRE=1, ARDL_LRE_Type1_SRE=1, ARDL_Beta1_Type2) 	
   
   FD--type1.R
	R script to create Type 1 error for the estimated short-run effect when empirical model is FD (FD_Beta1_Type1)	

   FD--type2.R
	R script to create Type 2 error for the estimated short-run effect when empirical model is FD (FD_Beta1_Type2)	

   Figure 1 data and graphs
	Sigmaplot file with Figure 1 data and graphs

II. Instructions:
    Running each R script file will create the data in the .JNG (Sigmaplot file)